Terms and Conditions
These Terms and Conditions are applicable to the services provided by Briddge BV and/or any other affiliated, parent, subsidiary and/or sister company, including but not limited to, Stichting Third Party Accounts and Briddge Fiscal Representation B.V.
Any amendment to these Terms and Conditions will only become effective three (3) months after Briddge has notified its clients about the amendment(s) in writing or the amended Terms and Conditions are published on our website. Unless Briddge has expressly agreed otherwise, the application of other general terms and conditions is excluded.
Briddge’s clients will hereinafter be referred to as “you” and Briddge will be referred to as “Briddge” or “we”.
Onboarding & Services
Once you request our services, we will send you a service offer which includes an explanation of our services and fees. Upon your acceptance of the service offer, we will appoint an Onboarding Manager who will guide you through the onboarding process and assist you with any questions you may have. During the onboarding process we will enter into a Service Agreement with you.
If you incorporate a legal entity, your new entity will join the Service Agreement between Briddge and you via a Joinder Agreement. The terms of the Service Agreement, including our Terms and Conditions will then also apply to the services we provide to your new entity. When your new entity is up and running, we will have the opportunity to review if there are any additional services you require since, at this stage, you will be in a better position to identify the company’s needs and related services than during the start-up phase of your business.
Kindly note however that before you become our client, we must complete our Client Due Diligence (CDD) as required under Dutch law and that our business relationship with you is conditional on the positive outcome of the initial CDD. If we come to the conclusion that we cannot accept you as a client or the initial CDD is not successfully completed, we reserve the right to terminate our relationship immediately. Even after signing the Service Agreement, our business relationship will remain conditional to the continued positive outcome of our regular CDD updates. In the case of any changes in your CDD, for example a change in UBO, ownership or board members or a share transfer, we need to be notified within fourteen (14) days.
Performing our services
We will match you with the best people at Briddge to assist you based on the services you require. We may, in certain cases, engage third parties who will perform services for you and/or on behalf of Briddge. Should that be the case, we will take into account your preferences and keep you informed. We will perform our services to the best of our ability and in accordance with the standard of care and skill required under Dutch law.
Our fees and payment terms
Unless we have agreed on a fixed fee with you, the fees for the services we provide will be calculated on a time-spent basis at our applicable hourly rate. Our fixed fees and hourly rates exclude VAT, other eventual taxes due in or outside of the Netherlands as well as expenses such as notary and Chamber of Commerce fees, government fees and the fees of our partners. We may revise our fixed fees and hourly rates periodically according to the standards in our sector.
We issue our invoices on a monthly basis with a payment term of fourteen (14) days unless otherwise agreed upon with you in the Service Agreement. In case payment of our invoice(s) remain outstanding, you will automatically be in default and Briddge will be entitled that apply the statutory commercial interest of 8% to the outstanding invoice(s) as well as any other interest or charges allowed under Dutch law. If payment of our invoice(s) remain outstanding, Briddge reserves the right to suspend or terminate the services with immediate effect.
How can the Service Agreement be terminated?
The Service Agreement can be terminated by you or by Briddge at the end of any calendar month by giving at least one months’ prior written notice.
Briddge can, at its sole discretion, also suspend the services or terminate the Service Agreement with immediate effect in the event that continuing to provide you services is no longer lawful, possible and/or reasonable for Briddge.
Which law governs our relationship?
The legal relationship between you and Briddge will be exclusively governed by Dutch law. The courts in Amsterdam, the Netherlands will have exclusive jurisdiction to adjudicate any dispute that would arise from our relationship although Briddge reserves the right to have such dispute brought before any other competent court.
By signing the Service Agreement you agree to ensure that you will comply with all applicable laws and regulations and that you will provide Briddge in a timely manner with any and all information or documentation which Briddge is required to collect, maintain, update or use in connection with the services under the applicable laws and regulations (including but not limited to CDD).
What about the protection and privacy of your (personal) data?
For the purposes of providing you with your requested services and as well as to comply with statutory requirements, Briddge will need to collect, process and keep certain relevant (personal) data possibly in and/or outside the Netherlands. Our Privacy Statement further details which personal data this includes and the steps we will take to ensure its security. The Privacy Statement can be found on this website (https://briddge.com/privacy-statement/) and will be updated from time to time as required. If you have any further questions regarding this policy please contact our GDPR compliance team at email@example.com.
Liability and indemnity
Briddge will act with due care in performing the services and in accordance with the standard of care and skill required under Dutch law. Please note however that we will not be liable for any damages, including but not limited to punitive, special, indirect or consequential damages, except in the case of gross negligence or willful misconduct on the part of Briddge. Neither is Briddge liable for errors or shortcomings of partners or third parties.
Any liability, insofar not excluded, shall be limited to the sum available at the time of settlement or judgement and paid under Briddge’s professional liability insurance and the amount of Briddge’s own risk. This insurance has a maximum coverage of EUR 1.000.000 per claim. Reconstruction costs are subject to a total maximum of EUR 125.000 per year. If no payment is made under the insurance, Briddge’s liability is limited to the fees charged to you in connection with the services in the twelve (12) months preceding the date of the claim.
You will indemnify Briddge again any liability from third party claims, including legal costs and fees.
Are you satisfied with our services?
We are constantly growing, developing and reinventing ourself and strive to continually improve our standards. We therefore welcome your feedback so we can serve you better.
Please feel free to contact your Onboarding Manager or Client Manager for any feedback or any other queries you may have.
Let us know how your Briddge experience is so far!
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